FCC to Overhaul Regulation of Internet Lines

What, you don't think that common carrier style government regulation of the Internet is fraught with peril?

(That's what I've heard from other sources, that the FCC Chairman is looking for a "third way" between common carrier and the current regulatory setup, each of which have terms of art which precisely describe them.)

I don't like how things are set up in the US after line sharing was zapped and Ed Whitacre started raving about "my pipes" (http://arstechnica.com/old/content/2005/10/5498.ars), but I'm sure it can get worse. Much worse.